Diebold, Incorporated (NYSE:DBD) – Stock analysts at Northcoast Research cut their Q3 2017 earnings estimates for shares of Diebold, in a research note issued to investors on Thursday. Northcoast Research analyst K. Mehta now expects that the technology company will earn $0.11 per share for the quarter, down from their prior forecast of $0.29. Northcoast Research also issued estimates for Diebold,’s Q4 2017 earnings at $0.68 EPS.
Diebold, (NYSE:DBD) last released its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. Diebold, had a negative net margin of 6.04% and a positive return on equity of 7.25%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the firm posted $0.43 earnings per share. The company’s quarterly revenue was up 95.5% on a year-over-year basis.
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A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Diebold, from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Lake Street Capital dropped their target price on Diebold, from $38.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, July 6th. Finally, Feltl & Co. started coverage on Diebold, in a report on Tuesday, April 18th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $32.50.
Diebold, (NYSE:DBD) opened at 22.00 on Monday. The stock’s 50 day moving average is $24.82 and its 200 day moving average is $27.33. The firm’s market cap is $1.66 billion. Diebold, has a 12-month low of $19.95 and a 12-month high of $31.85.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.82%. Diebold,’s dividend payout ratio (DPR) is currently -10.90%.
In other Diebold, news, Director Phillip R. Cox sold 4,504 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $27.01, for a total transaction of $121,653.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jurgen Wunram acquired 2,000 shares of the stock in a transaction on Monday, July 24th. The shares were acquired at an average price of $21.94 per share, with a total value of $43,880.00. The disclosure for this purchase can be found here. 1.37% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DBD. Northwestern Mutual Investment Management Company LLC increased its position in Diebold, by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 13,001 shares of the technology company’s stock worth $399,000 after buying an additional 51 shares in the last quarter. Coastline Trust Co increased its stake in shares of Diebold, by 0.8% in the first quarter. Coastline Trust Co now owns 8,375 shares of the technology company’s stock valued at $257,000 after buying an additional 65 shares during the period. Creative Planning increased its stake in shares of Diebold, by 2.3% in the second quarter. Creative Planning now owns 5,119 shares of the technology company’s stock valued at $143,000 after buying an additional 116 shares during the period. Capstone Asset Management Co. increased its stake in shares of Diebold, by 3.7% in the first quarter. Capstone Asset Management Co. now owns 8,502 shares of the technology company’s stock valued at $261,000 after buying an additional 300 shares during the period. Finally, Advantus Capital Management Inc increased its stake in shares of Diebold, by 3.4% in the first quarter. Advantus Capital Management Inc now owns 9,659 shares of the technology company’s stock valued at $297,000 after buying an additional 321 shares during the period.
Diebold Nixdorf, Incorporated provides connected commerce services, software and technology. The Company’s geographic segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). These segments sell and service financial self-service (FSS), retail solutions and security systems.
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